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About The Great Devaluation
<p><b>What seems <i>crazy</i> in normal times becomes <i>necessary</i> in a crisis</b> <p>In 2008, the world economy suffered through the Housing Crisis which wiped out nearly $10 trillion in global asset value. In response, the Federal Reserve created Quantitative Easing, and added $3.5 trillion to their balance sheet over the next seven years. In March of 2020, we had a crisis and the Federal Reserve added <i>another</i> $3.5 trillion to their balance sheet, only this time they did it in a matter of <i>seven weeks</i>! <p>The real crisis facing the world today is not the Coronavirus. The real crisis facing the world is explosive government debt and deficits. Governments are now left with no choice but to <i>spend</i> more than they make, <i>borrow</i> more than they can ever repay, and <i>devalue</i> their currencies to cover it all up. <p>Former Hollywood storyteller Adam Baratta brings monetary policy to life in this follow up to his national bestseller,<i>...</p></p></p></i></p>
Detailed Information
| Author: | Adam Baratta |
|---|---|
| Publication Year: | 2020 |
| Language: | other |
| File Size: | 29.0992 |
| Format: | |
| Price: | FREE |
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